Apollo Tyres Files Counterclaim Against Cooper

Apollo Denies Dragging Its Feet on Closing Merger

MUMBAI--India's Apollo Tyres Ltd. Tuesday denied allegations that it is avoiding coming to a new employment agreement with a U.S. labor union to get out of its $2.5 billion deal to acquire the Cooper Tire & Rubber Co.

In a response to a suit filed in a Delaware court by Cooper, Apollo denied Cooper's allegations that it was delaying negotiations with the United Steel Workers union for a new collective bargaining agreement...